Samson Oil & Gas Ltd. (NYSE: SSN) provided an update on operations in its North Stockyard Project.
North Stockyard Project, Williams County, N.D.
During the course of last week, Frontier Rig 24 successfully set and cemented the 9 5/8 inch surface casing at 2,270 feet on the Coopers 2-15-14HBK. The rig was then skidded to Tooheys 2-15-14HBK and the well spudded on Aug. 24 and was drilled to 2,280 feet where the 9 5/8 inch surface casing was set and cemented.
Having set surface casing on both wells, the wells will be drilled sequentially to set the 7 inch casing at around 11,600 feet prior to drilling the 6,200 foot lateral in the middle member of the Bakken formation.
Samson has a 27.76% working interest in the Coopers 2-15-14HBK and Tooheys 2-15-14HBK wells.
The fracture stimulation of the Sail and Anchor well is expected to commence Sept. 9. Samson has a 25.026% working interest in the Sail and Anchor well.
Samson Oil & Gas Ltd. is an independent energy company engaged in the acquisition, exploration, exploitation, and development of oil and natural gas properties in the U.S. The comany is based in Perth, Australia, and has offices in Denver.